Investor interest in Kraft Heinz (KHC, Financial) has surged, as evidenced by a notable increase in options trading activity. The company saw 13,023 call options traded, a figure 1.7 times higher than anticipated, which has pushed the implied volatility up by over a point to 34.68%.
The most traded options are the 4/25 weekly 30 calls and the October 25 35 calls, with these particular strikes amassing nearly 6,700 contracts in total. This substantial activity indicates a bullish sentiment among investors, considering the current Put/Call Ratio stands at a relatively low 0.17, highlighting a preference for call options over puts.
Market participants are likely positioning themselves ahead of Kraft Heinz's upcoming earnings report, scheduled for release on April 29th. This heightened interest and activity suggest expectations of positive financial results or other favorable developments for the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for The Kraft Heinz Co (KHC, Financial) is $31.66 with a high estimate of $56.91 and a low estimate of $27.00. The average target implies an upside of 6.63% from the current price of $29.70. More detailed estimate data can be found on the The Kraft Heinz Co (KHC) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, The Kraft Heinz Co's (KHC, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Kraft Heinz Co (KHC, Financial) in one year is $34.45, suggesting a upside of 16.01% from the current price of $29.695. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Kraft Heinz Co (KHC) Summary page.
